Tag: Manufacturing sector
12 Results
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Feb manufacturing PMI slips marginally to 57.5% from January’s 57.7%
The manufacturing sector contributes 15 per cent of the country’s gross domestic product (GDP), which makes it is one of key sources of employment.
March 1, 2021 -
Manufacturing firms’ profit outlook in Oct-Dec remains negative
The Industrial Outlook Survey of the Manufacturing Sector for Q2:2020-21' noted that respondents maintained negative sentiments on selling price.
October 12, 2020 -
Manufacturing PMI in Sept surges to new heights in over eight years
In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months.
October 1, 2020 -
India’s manufacturing PMI falls to record low in response to covid-19 lockdown
The drop seen in the manufacturing PMI reflected the sharpest deterioration in business conditions across the sector since data collection began over 15 years ago.
May 4, 2020 -
India’s GDP growth dips to 7-year low of 4.7%; earlier growth rates revised
Interestingly, as per the data furnished by the National Statistical Office (NSO), the revised second quarter GDP growth rate stood at 5.1 per cent from the earlier 4.5 per cent.
February 28, 2020 -
Summers are going to get costly this year. Here’s why
Now with the majority of China-based production factories remaining closed the cost of a variety of products, primarily white goods, is expected to hit the ceiling.
February 19, 2020 -
Moderate outlook for manufacturing in Q1: FICCI survey
The report said that the percentage of respondents expecting low or static production is 59 per cent in the first quarter of 2019-20, which was 46 per cent in the previous quarter.
June 23, 2019 -
New policy to focus on increasing manufacturing’s share in GDP: Prabhu
The country’s new industrial policy which is at a draft stage will focus on ways to increase the share of manufacturing sector in the GDP, Commerce and Industry Minister Suresh Prabhu said on Friday. Addressing the News18 Rising India Summit, he said that the draft of the new “Industrial Policy’s” is ready and the government …
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March 17, 2018 -
India’s manufacturing sector rebounds in August
The overall health of India’s manufacturing sector improved in August due to resumed growth of new orders, production and employment, a key macro-economic data showed on Friday. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI), which is a composite indicator of manufacturing performance, stood at 51.2 in August, up from the index reading of 47.9 reported …
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September 1, 2017 -
India mfg sector bounces back from July’s contraction: PMI
Manufacturing in India bounced back in August from previous month’s GST-related contraction amid resumed growth in new orders, production and employment, a survey said today. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rebounded to 51.2 in August from a low of 47.9 in the previous month, indicating a substantial turnaround from July’s GST-related contraction. …
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September 1, 2017 -
With a finger on the future
Manufacturing and engineering are thriving sectors at the heart of any economy. They generate jobs, promote economic growth and increase global trade. Manufacturing engineers therefore play a vital role in integrating technology and management within the sector to achieve added value and deliver superior performance. The Government of India’s Make in India initiative is encouraging …
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July 24, 2017 -
Solar Industries eyes Rs.100 cr rev from defence biz in FY18
Industrial and military explosives manufacturer Solar Industries India (SIIL) is expecting Rs.100 crore revenue from its defence business this fiscal as it eyes 20 per cent increase in total income. "We are bullish about the government's initiatives in the defence sector. It is not only focusing on strengthening it but is also promoting indigenous defence …
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June 4, 2017